2012 Summer Olympics

L.A. Olympic bid report forecasts $11-billion boost for local economy

L.A. Olympic bid report forecasts $11-billion boost for local economy

Every city that wants to host the Olympic Games must include, as part of its bid, an economic impact forecast.

These independent reports, commissioned by the bid committee, usually project a positive outcome, and the one released Monday by LA 2024 is no exception.

The study prepared jointly by UC Riverside and a consulting firm projects that hosting the mega-sporting event would boost local economic output by as much as $11.2 billion and create more than 74,000 full-time jobs.

“This report shows that L.A. is an ideal, low-risk host for the 2024 Games, and that we have the right plan in place to make sure that a winning bid brings a lasting Olympic legacy back to...

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